Hong Kong Approves First Crypto License Since June as Victory Fintech Gains SFC Approval

Hong Kong has issued its first new crypto license since mid-2025, signaling steady progress under its tightly controlled digital asset framework.

Hong Kong SFC Grants License to Victory Fintech

The Securities and Futures Commission (SFC) approved Victory Fintech (VDX), an affiliate of Victory Securities, to operate a digital asset trading platform. The approval marks the first addition to the regulator’s licensed crypto registry since June 17 last year.

With this decision, the number of authorized virtual asset trading platforms in Hong Kong rises to 12. The city introduced its current crypto licensing regime in 2023, positioning itself as a regulated hub for digital asset services in Asia.

Strict Crypto Regulatory Framework in Hong Kong

Hong Kong’s licensing regime is widely regarded as one of the most stringent among major financial centers. Exchanges must meet strict compliance, custody, and investor protection standards.

Several major global exchanges previously withdrew their applications, underscoring the demanding regulatory requirements that define Hong Kong’s approach to crypto oversight.

Disclaimer

This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.